Betting Craps For Beginners

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Craps Betting Tips
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Betting Craps For Beginners Tips

I recently discussed the Free Odds bet. https://roadgambler.com/craps/craps-simple-beginners-guide-free-odds-bet/ Let’s now discuss the cousin of the Free Odds bet, the place bet.

Place bets are one of the most popular bets in the game of craps.

The Basics of the Craps Table In casinos, craps is played at a table, usually one covered in green felt. The bets available are labeled on the felt. The table is also the playing surface for the game – you roll the dice on the same table where you place your bets. Home » Blog » Craps: A Simple Beginner’s Guide to the Free Odds Bet Let me begin by apologizing to our beginner craps players. I pride myself on being a good teacher, but I overlooked the fact the I have not yet written an article dedicated to the free odds bet.

The chips that are straddling the lines in the picture below are place bets. The green chips, resting on top of the red chips, are come bet odds.

The place bets above are identified by their placement in the middle of the box lines, whereas the come bet + odds are entirely inside the box.

WHAT ARE PLACE BETS?

Place bets are wagers that a 4, 5, 6, 8, 9, or 10 will roll before the number 7 rolls. The 4, 5, 6, 8, 9, and 10 are known as ‘box numbers’. They’re called box numbers because on the craps layout, the numbers are literally in an area that is box-shaped as seen in the pic above.

The player may wager on any, all, or any assortment of the box numbers.

Betting on all the box numbers is known as betting ‘across’.

Betting on the 5, 6, 8, and 9 is known as betting ‘inside’.

Betting on the 4, 5, 9, and 10 is known as betting ‘outside’.

A lesser known place bet assortment is betting on ‘even’, which is 4, 6, 8, and 10.

Generally, while some players say ‘even’ to signify betting on the 4, 6, 8, and 10, players generally do NOT say ‘odd’ to bet on the 5 and 9. They just say, ‘5 and 9’. The reason is that the term ‘odd’ has the meaning of the free odds bet.

Unlike the odds bet, however, a place bet does not need to be accompanied by a pass or come bet; in other words, there is no ‘flat’ bet requirement. A bettor can wager a place bet by itself, with no other bets on the table. As a matter of fact, many players play place bets and nothing else.

WIN-LOSS CONDITIONS OF THE PLACE BETS

The place bets have exactly the same win-loss conditions as the odds bet. The place bet will win if the point assigned to that odds bet rolls before the 7 rolls.

For example, if the place bet is on the 8, and the 8 rolls before the 7 rolls, then the place bet on the 8 will win.

If the 7 rolls before the 8 rolls, then the place bet on the 8 (and any other ‘working’ place bet) will lose.

Place bets can also be wagered and made live at any time. Be warned that typically if the bettor has a place bet, and the next roll is a come out roll, then the place bet will NOT be working unless the bettor tells the dealer that the place bet is working. Place bets, unless declared otherwise, are always presumed to be off on the come out roll.

PROPER BETTING INCREMENTS

You must be aware of proper betting increments on the place bets. Warning: betting increments on the place bets are different from the proper betting increments on the odds bets.

The following are the payouts for each point…

Place bet on 4 or 10

Any increment of $5
If the bettor is going to bet $20 or more on the place bet of 4 or 10, the bettor is better of ‘buying’ the 4 or 10.

Place bet on 5 or 9

Any betting increment of $5
If the bettor is going to bet $20 or more on the place bet of 4 or 10, the bettor is better off ‘buying’ the 5 or 9.

Point is 6 or 8

Any increment of $6.
Do not confuse the place bet increment of the 6 or 8 with the odds bet, which has a proper increment of $5.

PAYOFF ON THE PLACE BETS

Place bet on 4 or 10

Every $5 increment will pay $9
For example, if the bettor bets $10, the payout will be $18.
The reason why the ‘buy’ is better is because if the place bet on the 4 or 10 is $20, then the payout will be $36; however, a buy bet of $20+1 will pay $40. Just think of it this way: for one extra dollar, you obtain an extra $4.

Place bet on 5 or 9

Every $5 increment will pay $7
For example, if the bettor bets $10, then the payout will be $14.

Point is 6 or 8

Every $6 increment will pay $7.
For example, if the bettor bets $12, then the payout will be $14.
The penalty for confusing the place bet increment with the odds bet increment is that the casino will round down. For example, if the bettor bets $10 on the place bet, the casino will pay $11. The breakdown is that the first $6 will pay $7, and then the remaining $4 will pay even money $4. Thus, $7+$4=$11. If the player had bet an extra $2, instead of $10 place bet on the 6 or 8, the player would have gained an extra $4.

CONCLUSION

Place betting is one of the best bets at the craps table. While not as good mathematically as the odds bet, the place bet has the advantage over most other bets in that the place bets take, on average, 4 rolls of the dice to resolve. Imagine how much longer you could play, and how long your bankroll would last if on a game, such as blackjack, where you had to play four hands to win or lose one wager. Or if you had to spin the reel on a slot machine four times to determine a win or lose.

Most players are not fans of waiting out the protracted time it takes to resolve a single place bet. For those players, myself included, I prefer to make multiple bets, which is a viable option.

TEST YOUR MIGHT!

So now that you’ve read this article and you can identify the place bets on the layout, let’s take a little pop quiz.

In the pic below, identify the bets that are NOT place bets…

Answer below…

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Bonus question…

Of the chips in the pic directly above, with the four arrows, how many bets are NOT place bets? In other words, identify the bets that are NOT place bets…

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Answer:

There are five bets that are not place bets.

The bets that are NOT place bets are the following:

Remember, the odds bet cannot be made without a come bet, so there is a come bet hiding under the odds bet.

Have you come here to find an answer to the eternal question how to make a killing at a casino? I don’t want to disappoint you, but there is no definite answer to this question. Nobody has and won’t be able to reach such level of skill which could influence on the outcome of rolling a pair of dice during a craps game. The best strategy is managing your bets.

Like with other casino games, set a loss limit for yourself and decide when to walk away with winnings. If you can’t afford to lose more than $300, you should decide beforehand that $300 will be your absolute limit for losing and then you must stick to that limit. In the horrid event that you lose your $300 bankroll, you should stop playing, as opposed to wagering more.
It might be a good idea to split your bankroll: If $300 is your loss limit, divide it in half, putting $150 in different pockets. If with the first $150 you win any sum that puts you more than $80 above your starting $150, put $150 back in your pocket and play with your winnings. Try to play exclusively with your winnings, and smart betting can help you achieve it. If, in spite of everything, Lady Luck is not with you, and you lose first $150 bankroll and then a second $150 without a significant win, quit for the night!
Keeping calm while playing craps is very important. Since all players are betting against the casino, groups of players can get quite noisy when they win or lose together. It is nice to join with enthusiastic displays, however, do not allow you to do so because this will distract you from sensible management of your bankroll and informed betting.
Try to bet on 1) Pass Line bets backed by free odds 2) Come Bets backed by free odds and 3) Place Bets on 6 or 8. You know there is a wide variety of bets offered on a craps table, but only a few have a reasonable house edge. Dealers and Stick men have been trained to encourage you to make other, less favourable bets; pay them no mind. Betting in craps is rather complex so you should get experience making the basic and more likely bets before risking any of the more unlikely ones. Furthermore, although advanced craps strategy involves multiple simultaneous bets which can earn players more profit in the game, beginners are advised to gradually increase the complexity of their craps betting. This way you can master the skills of craps betting step by step.

Where to play craps online?

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Guide to Getting the Most out of Playing Craps

We can’t guarantee you will win every session with these tips, but according to anecdotal reports these tips increase your chances of winning. Your mileage may vary. Good luck and may Lady Luck shine down upon you.

Dice control. Watch for shooters who don’t shake the dice before each roll, and who roll the same way each time. They have better control over the dice than random throwers. When you find one of those shooters, play at his/her table, and bet with the shooter, if he/she is winning.
Hit and run. If you understand the advanced wagers and you want to win big and quickly, bet the long odds. Be prepared to lose quickly, as well. Cut and run when you have made your killing. Without the discipline to walk away a winner, it is assured that you won’t walk away a winner.
Go with the streak – Bet more when you are hot, less when you are not.
Keep your eye on the player with the most chips. This is so obvious that you might not think of it. Emulate the table winner. There’s no law against being a copycat, and imitation is the highest form of flattery. You can bet smaller amounts than the high roller. Remember the saying, ‘Follow the money!’
Assess the situation. Before plunking your money down at any old craps table, take the time to assess the table, the players and the current shooter.
Don’t make Proposition bets. Leave them to others unless you like to play the worst odds at craps, let those who fall for the dealer’s hoopla play the Proposition bets.
Avoid table minimums over your head. Find a table minimum that is within your budget.
Pay no attention to the dealer’s appeals. When the dealer induces to make the high house advantage bets, ignore this appeal, and place your money on Odds bets instead.
Back up your Pass/Don’t Pass and Come/Don’t Come bets with Odds bets. If you are not willing to bet the Odds bets, search for a lower-minimum table or another game to play. Always back up the basic bets with Odds bets to decrease the house edge to a bare minimum and maximize your chances of winning.
If they lay, they play. If you don’t collect your winnings when the dealer places them in front of you, you’ll wind up parlaying your winnings into the next roll whether you want to or not.

Bonus Money Guide for Craps

The ability to manage your money is very important when playing craps. Everyone is eager to leave the casino a big winner, however, more likely than not, you will go home with a slight loss. The casinos might go broke if everyone left casino with a win. That’s why the casino always has an advantage over the player. Fortunately, craps has the best possible house edge if you place the Pass/Don’t Pass, Come/Don’t Come bets and the Odds bets.

But that’s not all there is to winning. If you want to win, you must be disciplined and have a proper mental attitude. If you can make good use of your bets by placing the Odds bets, manage your money and keep your head in the orchestrated chaos we call craps, you will surely have a great time and get the highest chances to walk away with some extra money.

Money Management Made Simple

There are lots of money management schemes around, but not all of them successful. Try to find the one that will work for you, and stick to it. You can use several in combination as well. Do whatever that can bring your losses to nothing or leave the casino with some of the money won during a game of craps. Try to be strict with yourself. You’ve declared war to the casino gods whose only goal is to take away your money.

When playing craps you can make and lose fortunes in a flash. In the event that you have managed to somehow win big money (not something you sometimes pull off when you play at a casino); get the heck out of Dodge. Don’t stay a minute longer. Just get out of there. Run; don’t walk, as fast as you can, and don’t look back.

Establish your bankroll, and abide by it. When your bankroll runs out, you should go away. You should never bet with money that you can’t afford to lose.

Craps Betting Tips

If you are on a winning streak, try to put away at least half your winnings, and play only with your original bankroll. Once the original bankroll is gone, you still go away with some money. You can also use this strategy in reverse: put your original bankroll away and only play with your winnings.

Divide your bankroll by 50, and you can probably have a good time for hours. For example, if you have $100, wager no more than $2 per round.

Money Stretching Strategy

Assume you start with a stake of $100, and you want to play as long as you can.